FBS: trade recommendation for USD/CHF
Tatyana Norkina, FBS analyst
The pair has returned to the last week's lows, falling to the strong 0.9465 support. The picture on the timeframes is changing in favor of the buyers.
Ichimoku. For example, on the hourly charts the pair fell into the negative area, below the Cloud. The short-term lines formed a dead cross, the Cloud continued to widen in the bearish direction. Bears are also strong on the H4 chart: Ichimoku Cloud widened, short-term lines formed a dead cross.
When the prices fix below 0.9505/0.9515, the pair will likely fall further towards the 0.9430 support.
Technical levels: support – 0.9465, 0.9430; resistance – 0.9515.
Sell — 0.9505/0.9515; SL — 0.9535; TP1 — 0.9465; TP2 — 0.9430.